ITAT

  • Income Tax

Penalty for late filing TDS return us 272A(2)(k) quashed as accountant had changed during the year and assessee was not aware of the delay-ITAT

Penalty for late filing TDS return us 272A(2)(k) quashed as accountant had changed during the year and assessee was not…

8 years ago
  • Income Tax

Partnership salary allowed in profit loss ratio as per deed as the remuneration clause provided the manner of quantifying as per CBDT Circular No. 739

Partnership salary allowed in profit loss ratio as per deed. Remuneration clause provided the manner of quantifying as per CBDT…

8 years ago
  • Income Tax

Income Tax Department vindictively disallowed agricultural income claim of Jayalalithaa. Sasikala also gets similar relief from ITAT

Income Tax Department vindictively disallowed agricultural income claim of Jayalalithaa.  Sasikala also gets relief from ITAT ABCAUS Case Law Citation:…

8 years ago
  • Income Tax

No income concealment us 271(1(c) on gift under explanation 5A. NSC declared us 153A was received as inheriting, gift from father, grandfather-ITAT

No income concealment us 271(1(c) on gift under explanation 5A. NSC declared us 153A was received as inheriting, gift from…

8 years ago
  • Income Tax

Bogus share capital entry to obtain bank loan. Addition us 68 remanded back to verify facts in view of re-casted audited balance sheet and ROC filing-ITAT

Bogus share capital entry to obtain bank loan. Addition made u/s 68 remanded back to verify facts in view of…

8 years ago
  • Income Tax

Section 68 is about satisfaction of AO not CIT us 263 to sit on the judgment of AO. Revision order can not be made merely on audit objection basis-ITAT

Section 68 is about satisfaction of AO not CIT us 263 to sit on the judgment of Assessing Officer. Revision…

8 years ago
  • Income Tax

Diary also books of accounts us 44AA2. Section does not prescribe but only talks of accounts-documents which may enable AO to adduce true income-ITAT

Diary also books of accounts us 44AA. Section does not prescribe books for business but only talks of accounts-documents which…

8 years ago
  • Income Tax

Income Tax Notice by Speed Post held not served properly as it returned back and was not sent by registered post – ITAT

Income Tax Notice by Speed Post held not served properly as it returned back and was not sent by registered…

8 years ago
  • Income Tax

Addition for shortage in food grain stock ignoring excess quashed as it was made on the basis of earlier years agreed additions only – ITAT

Addition for shortage in food grain stock ignoring excess quashed as it was made on the basis of earlier years…

8 years ago
  • Income Tax

Addition for incorrect salary in form 26AS of IAS Officer quashed in view of contradiction in certificate by CTO and Form 26AS – ITAT

Addition for incorrect salary  in form 26AS of IAS Officer quashed in view of contradiction in certificate by Chief Treasury…

8 years ago